Articles
What Makes a Successful Risk Culture?
As captives have matured and continued to flourish, they are being called upon to expand the risks that they underwrite. Captive boards and management should work to understand that, as their risk appetite grows, so should their dedication to building a successful risk culture within the captive. Read More
What Is the Future of Individual Claims Reserving?
With the increased need for more accurate reserving models, taking advantage of the information embedded in individual claims data with appropriate claims development models is a promising alternative compared with traditional aggregate triangles. The future of individual claims reserving is enlarged by the innovative opportunities offered by these alternative models. Read More
Best Practices for Delegating Successfully
Managers who delegate effectively contribute in three important ways: (1) they assure employees that they are valued and trusted; (2) they free up their own time to do other things; and (3) they prepare future leaders for the organization. This article outlines some best practices to assure your effectiveness as a delegator. Read More
Risk Retention Groups Remain Financially Stable Despite Mixed Reported Results
A review of the reported financial results of risk retention groups reveals insurers that continue to collectively provide specialized coverage to their insureds while remaining financially stable, according to the latest Demotech report on the sector. While risk retention groups have reported net income, they have also continued to maintain adequate loss reserves while increasing premium written year over year. Read More
Insurance in 2030: Use Scenario Planning To Plot a Course
What does insurance look like in 2030, and what should captives be concerned with? In this guide, you'll learn how to begin to answer this question through scenario planning and some of the longer-term trends that should be considered. Read More
4 Recommendations for Visionary Boards
Strong leadership and a healthy culture may be the ultimate defining qualities of a successful company today. A recent survey by WomenCorporateDirectors foundation and executive compensation consultancy Pearl Meyer provides insight on how boards of directors can advance their organization's business strategy by cultivating the right leadership strategy, talent development, and corporate culture. Read More
7-Step Priority Management
Accomplishing desired business outcomes, feeling like you've maximized your workday, and creating work/life balance have little to do with "time" management and more to do with "priority" management. This article outlines seven steps to start building a priority management plan to help make you more successful in achieving desired outcomes. Read More
Insurance in 2030: Questions for Captives To Ponder
Technology and changing demographics will instigate profound changes on risk and insurance in the future. What will insurance look like in 2030, and where do captives fit in? In this guide, you'll learn how to begin to answer this question and what are some of the trends you should consider. Read More